Microeconomics of intertemporal choice in zero-space during Covid-19: a behavioral economics perspective. [PDF]
Eur J Health Econ, 2022 Cifuentes-Faura J, Di Francesco R.
europepmc +1 more source
An Intertemporal Model of Rational Criminal Choice [PDF]
This research presents a dynamic model of crime in which agents anticipate future consequences of their actions. Current period decisions affect future outcomes by a process of capital accumulation.
Jenny Williams
core
Journal of Money, Credit and Banking, EarlyView.Abstract The marginal propensity to consume (MPC) is heterogeneous and depends on liquidity, while liquidity is affected by both temporary circumstances and persistent characteristics. Using bank account transaction data and a survey of its account holders, this study aims to distinguish the sources of MPC heterogeneity.
KOZO UEDA
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Can Intertemporal Choice Experiments Elicit Time Preferences for Consumption? Yes [PDF]
The most popular experimental method for eliciting time preferences involves subjects making choices over smaller, sooner amounts of money and larger, later amounts of money. Under some theoretically possible configurations of preferences and procedures,
Glenn W. Harrison, J. Todd Swarthout
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Price Indices Rekindled, 1970s–1990s: Theory and Practice at Cross Purposes?
Journal of Economic Surveys, EarlyView.ABSTRACT This paper revisits the discussions on price indices during a period marked by theoretical advancements and practical challenges in measuring inflation. Index‐number theorists sought to improve accuracy, yet national statistical offices largely maintained established practices due to concerns over data availability, stability, and public trust.
Victor Cruz‐e‐Silva, Bert M. Balk
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A Note On The Loewenstein-Prelec Theory Of Intertemporal Choice [PDF]
In one of the major contributions to behavioral economics, Loewenstein and Prelec (1992) set the foundations for the behavioral approach to decision making over time. We correct a number of errors in Loewenstein and Prelec (1992). Furthermore, we provide
Ali al-Nowaihi, Sanjit Dhami
core
Asset Pricing and Risk‐Sharing Implications of Alternative Pension Plan Systems
The Journal of Finance, EarlyView.ABSTRACT We show that incorporating defined benefit pension funds in an incomplete markets asset pricing model improves its ability to match the historical equity premium and riskless rate and has important risk‐sharing implications. We document the importance of the pension fund's size and asset demands, and a new risk channel arising from ...
NUNO COIMBRA +3 more
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Choice bundling, unpacked: Observed and predicted effects on intertemporal choice in an additive model of hyperbolic delay discounting. [PDF]
PLoS One, 2021 Stein JS, Madden GJ.
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Adaptive partial policy innovation: coping with ambiguity through diversification [PDF]
This paper develops a broad theme about policy choice under ambiguity through study of a particular decision criterion. The broad theme is that, where feasible, choice between a status quo policy and an innovation is better framed as selection of a ...
Charles Manski
core
What Drives Investors' Portfolio Choices? Separating Risk Preferences from Frictions
The Journal of Finance, EarlyView.ABSTRACT We study the role of risk preferences and frictions in portfolio choice using variation in 401(k) default options. Patterns of active choice in response to different default funds imply that, absent participation frictions, 94% of investors prefer holding stocks, with an equity share of retirement wealth declining with age—patterns markedly ...
TAHA CHOUKHMANE, TIM DE SILVA
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